Nancy Pelosi
Interview About The Stock Market, Taxes, The Rich, and Immigrants-Fiction!

Summary of the eRumor: Said to be an interview with
U.S. Representative Nancy Pelosi. It first circulated before she
was elected Speaker of the House of Representatives and, among other
things, says that she wants to enact a 100% tax on
" windfall profits and income created by the
Bush administration."

The Truth: This interview never took
place. This email was fabricated and circulated prior to the
November, 2006 elections. We have not been able to find a source
for it.

A real example of the eRumor as it has
appeared on the Internet:

IF YOU
DO NOTHING ELSE...READ THE LAST PARAGRAPH!!

Insanity Personified : Nancy Pelosi

Nancy Pelosi condemned the new record highs of the stock market
as
"just
another
example of Bush policies helping the rich get richer".
"First Bush
cut taxes for the rich and the economy has rebounded with new
record low unemployment rates, which only means wealthy
employers are
getting even wealthier at the expense of the underpaid working
class".

She went on to say "Despite the billions of dollars being
spent in
Iraqour economy is still strong and government tax revenues are at
all time
highs. What this really means is that business is exploiting the
war
effort and working Americans, just to put money in their own
pockets".

When questioned about recent stock market highs she responded
"Only the
rich benefit
from these record highs. Working Americans, welfare recipients,
the unemployed
and minorities are not sharing in these obscene record
highs".

"There is no question these windfall profits and income
created by theBush administration
need to be taxed at 100% rate and those dollars
redistributed to
the poor and working class". "Profits from the stock
market do not
reward the hard work of our working class who, by their hard
work, are
responsible for generating these corporate profits that create
stock
market
profits
for the rich We in congress will need to address this issue to
either tax these profits or to control the stock market to
prevent this
unearned income to flow to the rich."

When asked about the fact that over 80% of all Americans have
investments in mutual funds, retirement funds, 401K's, and the
stock
market she replied "That may be true, but probably only 5%
account for
90% of all these investment dollars. That's just more
"trickle down"
economics claiming that if a corporation is successful that
everyone
from the CEO to the floor sweeper benefit from higher wages and
job
security which is ridiculous" "How much of this
'trickle down' ever get
to the unemployed and minorities in our
county?
None, and that's the tragedy of
these stock market highs."

"We democrats are going to address this issue after the
election when
we take control of the congress. We will return to the 60% to
80% tax
rates on the rich and we will be able to take at least 30% of
all
current lower Federal Income Tax tax payers off the roles and
increase
government income substantially. We need to work toward the goal
of
equalizing income in our country and at the same time limiting
the
amount the rich can invest."

When asked how these new tax dollars would be spent, she replied
"We
need to
raise the standard of living of our poor, unemployed and
minorities.
For example, we have an estimated 12 million illegal immigrants
in our
country who need our help along with millions of unemployed
minorities. Stock
market windfall profits taxes could go a long ways to guarantee
these people
the standard of living they would like to have as
'Americans.' "